Intergenerational mobility: Measurement and the role of borrowing constraints and inherited tastes

In this paper, I present some popular measures of mobility in economic outcomes within a family across generations. I also discuss two of the most important factors preventing intergenerational mobility: existence of financially constrained individuals and transmission of tastes from parents to children. Finally, I show how these two factors could give raise to dramatic reversals of fortune affecting successive generations of the same dynasty. I will cast the results of the different models I use in terms of the previous measures of intergenerational mobility.

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Year of publication:	2016
Authors:	Caballé, Jordi
Published in:	SERIEs - Journal of the Spanish Economic Association. - Heidelberg : Springer, ISSN 1869-4195. - Vol. 7.2016, 4, p. 393-420
Publisher:	Heidelberg : Springer
Subject:	Intergenerational mobility \| Inherited tastes \| Borrowing constraints

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s13209-016-0149-2 [DOI] 889775079 [GVK] hdl:10419/195283 [Handle]
Classification:	J62 - Occupational and Intergenerational Mobility ; E21 - Consumption; Saving ; i26
Source:	EconStor

Persistent link: https://www.econbiz.de/10011994628